Pull the wool over the eyes.
In the last few days, more evidence has surfaced that will need to be addressed before it quickly becomes a bailout .
As it turns out, Robo-Signing is NOT showing signs of slowing down, regardless of any settlement. Lets step back and examine a few things that will make your jaw slam to the floor, “drop” would be an understatement.
For instance, Prof. Adam Levitin just found a big problem with those soon to be hired foreclosure fraud reviewers.
In his article the robo-signing problem continues to move forward, except only this time the pay jumped from $10/hr to $19 – $23/hr. But wait it gets better…There’s other evidence that servicers are not stopping the practice anytime soon.
It doesn’t stop here…there’s more and you simply cannot make this stuff up:
In the wake of the robo-signing debacle, Stewart Lender Services is rolling out a foreclosure processing review to help servicers ensure foreclosures are compliant with state and federal laws.
[…]
“It’s really two things,” said Jason Nadeau, group president of Stewart Lender Services. “It is essentially having a third party come in to look over your shoulder.”
Stewart Lender Services is a subsidiary of Stewart Title Co., who is a shareholder of Mortgage Electronic Registration Systems, Inc. (MERS), the registry that’s the prime focus of the “robo-signing debacle”.
Still with me?
Does this seem like “It is essentially having a third party come in to look over your shoulder“? Guess a hen wouldn’t mind a wolf looking over his shoulder either [.]
Lastly, Lender Processing Services Inc.’s (LPS) current Senior Vice President Tim Anderson, was a former Vice President of Stewart Lender Services. LPS as you may already know, is also at the core of the robo-signing scandal.
Still with me?
Do you see a pattern? Until someone takes this epidemic seriously, the housing and the economy is not going to rebound at all.
Rememeber in order to pull MERS off… they needed support from
- Banks/Servicers
- Title Co.
- Insurance Co. and
- Government Sponsored Entities
… Pull the wool back over the eyes.
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
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